ABG Shipyard Ltd allots 233051 shares

The Security Issue Committee of the Board of Directors of ABG Shipyard Ltd has, at its meeting held on February 28, 2015, have allotted 2,33,051 (Two Lac Thirty Three Thousand and Fifty One Only) Nos. of fully paid-up Equity Shares of Rs. 10/- (Rupees Ten Only) each at a price of Rs. 275.92 to the CDR Lenders as per CDR Package on preferential basis under Chapter VII - "Preferential Issue" of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The said allotment of 2,33,051 (Two Lac Thirty Three Thousand and Fifty One) Nos. of Equity Shares Rs. 10/- (Rupees Ten Only) each shall be fully paid-up at the time of allotment and shall be subject to the lock-in for such period as may be prescribed under the SEBI ICDR Regulations.

Shares of ABG SHIPYARD LTD. was last trading in BSE at Rs.237.05 as compared to the previous close of Rs. 242.85. The total number of shares traded during the day was 99766 in over 2845 trades.

The stock hit an intraday high of Rs. 245 and intraday low of 234.2. The net turnover during the day was Rs. 23697654.

Source : Equity Bulls

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